Hailey Bieber Sells Makeup Company Rhode in Billion-Dollar Deal

Hailey Bieber's Christmas came real early this year ... 'cause she just sold her makeup brand to e.l.f. Cosmetics in a deal that moves her closer to the 10-figure club.

We've confirmed with people in the know that Hailey sold her brand Rhode in a deal that stipulates Rhode stockholders get $800 million ... and an extra $200 million if the company performs well over the next 3 years.

The sale comes just a couple months after news broke that Hailey was working with JPMorgan Chase to facilitate a sale ... a pretty quick turnaround for a major company like this.

While Bieber's selling the ownership stake in the company, she will retain her role as Rhode’s chief creative officer and head of innovation, overseeing creative, product innovation and marketing -- and, she will act as a strategic advisor to Rhode and e.l.f. Beauty.

Hailey shared a heartfelt statement to Instagram shortly after the news broke in which she detailed her excitement at the new partnership ... and thanked the whole team that made Rhode into the brand it is today.

As you know ... we broke the story that Justin Bieber sold his music catalog for $200 million, because they were broke and needed the cash -- detailed in our documentary, "TMZ Investigates: What Happened to Justin Bieber."